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Associated Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 580240950 ✦ Norcross, GA ✦ Designated as a 501(c)(14)

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Overview

What is Associated Credit Union?

Associated Credit Union, a Georgia-based nonprofit organization with over 150,000 members, is a state-chartered credit union dedicated to providing a full range of financial products and services. Their mission is to fulfill their members' needs with innovative offerings, exceed their expectations through exceptional service, and inspire their trust by building strong relationships. Operating with a team of 450 employees, Associated Credit Union offers a variety of financial solutions to its Georgia community.


Official website here: www.acuonline.org

Is Associated Credit Union legitimate?

Associated Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Associated Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $4,662,134
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,515,154

For more financial information, click here


Official website here: www.acuonline.org

What is the mission statement of Associated Credit Union?

Associated Credit Union is committed to providing members with financial products that meet their requirements, delivering service that surpasses their expectations, and fostering relationships that instill trust. The credit union offers a comprehensive range of financial services to over 150,000 members. By focusing on members' needs, the institution aims to build strong and lasting connections. Their dedication to excellence ensures that members receive not only essential financial solutions but also exceptional customer service. The credit union's mission is to inspire trust and confidence in its members, going above and beyond to meet their financial needs.


Official website here: www.acuonline.org

Who is the CEO of Associated Credit Union?

C Lin Hodges is the CEO of Associated Credit Union The CEO's salary of Associated Credit Union is $1,010,513 and their total compensation is $1,060,331.


Official website here: www.acuonline.org

What is the revenue of Associated Credit Union?

Associated Credit Union's revenue in 2023 was $108,606,695.


Official website here: www.acuonline.org

Who are the executives of Associated Credit Union and what are their salaries?

The average compensation at Associated Credit Union during 2023 was $60,936. There are 446 employees and 12 volunteers at Associated Credit Union.

Here are 27 key members and their salaries (Associated Credit Union's CEO's salary is $1,010,513 and their total compensation is $1,060,331):


C Lin Hodges (President/Ceo/Director)
  • Compensation: $1,010,513
  • Related: $0
  • Other: $49,818
Exceptional Harden (Chairman)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Nancy J Garner (Vice Chairperson)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Tim F Kercheval (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
George M Clarke (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Charles Gehrmann (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Margaret L Pittman (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Keith Gettmann (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Doyle Spears (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Jennifer H Chapin (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Allen Bryan (Director)
  • Compensation: $11,000
  • Related: $0
  • Other: $0
John A Petros (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Bardi Alex (Director)
  • Compensation: $10,000
  • Related: $0
  • Other: $0
Tim Bridges (Executive Vp/Cfo)
  • Compensation: $531,141
  • Related: $0
  • Other: $49,818
Mark Waller (Executive Vp/Coo)
  • Compensation: $519,995
  • Related: $0
  • Other: $47,245
Chad Evans (Executive Vp/Lending)
  • Compensation: $397,506
  • Related: $0
  • Other: $34,255
Heiwote Tadesse (Executive Vp/Member Relations)
  • Compensation: $364,093
  • Related: $0
  • Other: $54,344
Karl Mann (Vp/Information Technology)
  • Compensation: $370,885
  • Related: $0
  • Other: $34,031
Thomas Maiellaro (Vp Marketing)
  • Compensation: $245,793
  • Related: $0
  • Other: $55,857
Margie Burton (Vp/Card Services)
  • Compensation: $209,737
  • Related: $0
  • Other: $49,868
Jim Lafond (Vp/Risk Management)
  • Compensation: $228,544
  • Related: $0
  • Other: $35,926
Michael Huff (Vp/Retail Services)
  • Compensation: $205,608
  • Related: $0
  • Other: $26,155
Beth Tynan (Avp/Controller)
  • Compensation: $219,725
  • Related: $0
  • Other: $35,325
Todd Chandler (Avp/Information Technology)
  • Compensation: $220,644
  • Related: $0
  • Other: $35,418
Karen Pennington (Avp/Human Resources)
  • Compensation: $200,014
  • Related: $0
  • Other: $35,295
Leah Eldridge (Area President/Augusta Division)
  • Compensation: $173,328
  • Related: $0
  • Other: $9,864
Annia Pereira (Avp/Learning & Development)
  • Compensation: $155,399
  • Related: $0
  • Other: $45,018


Official website here: www.acuonline.org

Where can I find the form 990 for Associated Credit Union?

Associated Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.acuonline.org

Learn more at the official website: www.acuonline.org

Mission Statement of Associated Credit Union

Associated Credit Union, a state-chartered financial institution, is dedicated to providing its members with financial products that meet their requirements, delivering services that surpass their expectations, and fostering relationships built on trust. The credit union's primary mission is to cater to the financial needs of its over 150,000 members in Georgia with a comprehensive range of products and services.

By offering an extensive selection of financial solutions, Associated Credit Union aims to fulfill the diverse needs of its members. The credit union is committed to delivering services that not only meet but exceed their expectations, ensuring a high level of satisfaction. This commitment to excellence is further strengthened by the relationships that the credit union builds with its members, inspiring their trust and confidence.

Associated Credit Union's dedication to its members extends beyond the provision of financial products and services. The credit union is focused on creating long-term, meaningful relationships that go beyond the transactional nature of traditional financial institutions. By fostering an environment of trust and transparency, Associated Credit Union sets itself apart as a trusted financial partner for its members.

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Impact




October, 2024

Associated Credit Union plays a significant role in the financial well-being of its members and the broader community in Georgia. By offering a diverse range of financial products and services, the institution effectively addresses the unique needs of over 150,000 members. Their commitment to high-quality service not only meets but often exceeds member expectations, fostering strong, trust-based relationships that enhance customer loyalty and satisfaction.

Operating from Norcross, Georgia, Associated Credit Union provides essential financial solutions that empower its members to achieve their financial goals. Their focus on understanding individual needs and offering tailored services contributes to the overall economic strength of the communities they serve. The organization's dedication to public benefit reflects a deep commitment to enhancing financial literacy and stability, ensuring members can make informed financial decisions.

In essence, Associated Credit Union’s impact is multi-faceted, promoting individual financial success while simultaneously uplifting the community through responsible banking practices and member-centric service.




This information is meant to be a general summary of Associated Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$108,606,695 (2023)
Expenses
$95,672,903 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $18,103,462
  • Program Service Revenue: $90,640,107
  • Gross Receipts: $108,752,375

Assets and Liabilities:

  • Total Assets: $2,128,904,229
  • Total Liabilities: $1,903,335,211
  • Net Assets: $225,569,018

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$64,796,089

FEE INCOME

Revenue

$14,467,256

OTHER OPERATING INCOME

Revenue

$11,358,317

GAIN ON SALE OF MTGE LOANS

Revenue

$18,445

Organization Details

Founding Year

1930

Principal Officer

C Lin Hodges

NTEE Category

Code: W61 - Public benefit

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